Head of Risk and Execution

About the role As Head of Risk & Execution, you will partner closely with the Group Treasurer to lead Tesco's approach to financial risk management, helping to protect the business from market volatility while supporting its strategic and commercial objectives. You will oversee the identification, assessment and management of key financial risks across areas including foreign exchange, interest rates, commodities and liquidity, ensuring Tesco maintains a strong and resilient financial position. A critical part of the role will be translating risk strategy into action, leading the execution of hedging activities and managing a range of financial instruments to mitigate exposure in line with Tesco's treasury policies, governance framework and risk appetite. You will provide expert insight on market developments, support senior decision-making, and build strong relationships with banking partners and stakeholders across Finance and the wider business. Combining strategic leadership with operational excellence, the Head of Risk & Execution will ensure risks are effectively managed, controls remain robust, and treasury activities continue to deliver value, enabling Tesco to navigate an evolving external environment with confidence. You will be responsible for

• Identifying financial risk across Tesco and developing successful risk management strategies for foreign exchange, inflation and energy risk specifically.
• Executing financial instruments for Tesco including fx, interest rates and commodities
• Managing counterparty risk for Treasury counterparties
• Owning the governance forums for hedging decisions with business leaders and finance stakeholders
• Working with other teams in Treasury and Tesco to ensure that interconnected risks are understood
• Managing and establishing strong relationships with internal stakeholders and the relevant teams at relationship banks, energy counterparties, external advisors and auditors
• Instilling and maintaining a robust controls environment across the Risk & Execution team, ensuring controls are designed and operating effectively
• Developing and leading a high performing team, giving them the opportunities to be their best
• Following our Business Code of Conduct and always acting with integrity and due diligence
• Forecasting and managing my budgets effectively, always being cost conscious You will need
• Relevant experience in corporate treasury or financial services.
• Relevant professional qualification (e.g.AMCT)
• Experience in risk management and financial instruments Whats in it for you?  
• Annual bonus scheme of up to 45% of base salary.
• Car Cash Allowance.
• Holiday starting at 25 days plus a personal day (plus Bank holidays).
• Private medical insurance.
• Retirement savings plan - save between 6% - 10% and Tesco will contribute 1.5 times this amount.
• 26 weeks maternity and adoption leave (12 months service required at the qualifying date) at full pay, followed by 13 weeks of Statutory Maternity Pay or Statutory Adoption Pay, we also offer 6 weeks fully paid paternity leave. The above information is a shortened summary, refer to our policies for full details About Us You might know us as a supermarket, technology company or even for our award-winning mobile network. Truth is, we're all of those things, and much more. Our colleagues work with one goal in mind, helping to make every day a little better for our customers, colleagues and communities all over the world. No two customers are the same, neither are our colleagues.    At Tesco, we champion a balance that lets you thrive both in and out of work. Spend 60% of your week collaborating with colleagues at our office locations or local sites and the rest remotely. Whether you're just kicking off your career, juggling passions, or navigating big life events, we're here to support you. We always welcome a conversation about flexible working, so talk to us throughout your application about how we can support.    When you join us in this role, you'll be employed by Tesco Stores Limited, the Tesco legal entity responsible for your employment.